CSE

Class 1 Nickel and Technologies Limited

NICO.CN•Basic Materials•Other Industrial Metals & Mining
Current Price
$0.12
Today's Change
-17.24%
Market Cap
$24.38M
Volume
16.00K
⛏️

Commodity Exposure

Diversified Mining

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Industry Context

Diversified miners balance commodity exposure. Operating margins vary significantly by commodity mix.

💡 Quick Take

Class 1 Nickel and Technologies Limited focuses on the mining, exploration, and development of nickel, copper, and cobalt in Canada. The company faces significant concerns, including a low current ratio of 0.23, indicating potential liquidity issues, and a negative return on assets of -41.8%, suggesting inefficiency in asset utilization. Additionally, the stock's sharp decline of 17.24% today raises questions about market confidence. While the basic materials sector can offer growth potential, these financial metrics warrant caution for investors considering this stock.

Based on 17 data points⚠️Not financial advice

📊 Key Metrics

52 Week High$0.25
52 Week Low$0.04
Avg Volume3.49K
Beta-0.44
Shares Outstanding203.19M

🔥 Valuation

Market Cap$24.38M
Enterprise Value$24.27M
P/E Ratio-18.75
EV/EBITDA ⚠️-6.10x
Dividend Yield0.00%

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🚩 Red Flags

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Limited Cash Runway

Company is burning $302K per quarter with $632K in cash. Approximately 2.1 quarters of runway at current burn rate.

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Significant Losses

Company posted a loss of $-1.5M over the last year, representing Infinity% of revenue.

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High Debt Load

Debt of $2.1M is 3.3x the company's cash position of $632K.

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Persistent Cash Burn

Operating cash flow has been negative for 3 consecutive quarters, burning $1.2M over the last year.

🌟 Opportunities

📊

No significant opportunities identified

Based on current financial metrics

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